Robinhood’s crypto revenue fell to $134 million in Q1, down from $252 million, amid broader trading slowdowns.
Robinhood Crypto Chief Operating Officer Tanya Denisova is leaving the company after more than five years. Her departure follows a 47% year-over-year decline in crypto-related revenue, which totaled $134 million in the first quarter, down from $252 million.
The revenue drop reflects weaker crypto trading activity, contributing to Robinhood missing its Q1 earnings and revenue estimates. Crypto remains a key transaction income source but has faced volatility and reduced user engagement.
Robinhood is working to diversify its business beyond crypto market cycles, though the timing of Denisova’s exit underscores challenges in stabilizing revenue streams.